Category: China

  • MIL-OSI China: DPRK top leader says S. Korea is a foreign, hostile country

    Source: China State Council Information Office

    The top leader of the Democratic People’s Republic of Korea (DPRK) called South Korea “a foreign country and an apparent hostile country,” and stressed “useless awareness about fellow countrymen and unreasonable idea of reunification” when he addressed inter-Korean relations, as he called for ramping up the war execution capabilities during an inspection trip to the headquarters of the 2nd Corps of the Korean People’s Army on Thursday, the official Korean Central News Agency (KCNA) reported Friday.

    Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the DPRK, made the remarks as made the trip to encourage the officers and troops of the large combined unit that “have reliably defended the territory of our state, always maintaining full combat readiness on high alert at the forefront near the border,” the KCNA said.

    Kim learned of the combat readiness of the military units ready for combat operations under the corps after being briefed on the current situation.

    The KCNA said the DPRK leader reminded to the armed forces of “the stark fact that the ROK is a foreign country and an apparent hostile country,” referring to South Korea by using the acronym of its official name, the Republic of Korea.

    Recalling that the DPRK has completely blocked the roads and railways to the ROK territory two days ago through detonations, Kim said that the move means “not only the physical closure but also the end of the evil relationship with Seoul” and “the complete removal of the useless awareness about fellow countrymen and unreasonable idea of reunification,” according to the KCNA report. 

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  • MIL-OSI China: 2nd Hainan Int’l Tropical Food Supply Chain Expo kicks off in Haikou

    Source: People’s Republic of China – State Council News

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  • MIL-OSI China: Jakarta-Bandung high-speed railway transports 5.79 mln passengers in first year

    Source: People’s Republic of China – State Council News

    Passengers board a high-speed electrical multiple unit (EMU) train on a platform of Padalarang Station along the Jakarta-Bandung High-Speed Railway (HSR) in Padalarang, Indonesia, Oct. 17, 2024. The Jakarta-Bandung HSR, celebrating its first anniversary on Thursday, has transported 5.79 million passengers, according to PT Kereta Cepat Indonesia-China (KCIC), a joint venture between Indonesian and Chinese enterprises that built and operates the railway. Since its commercial launch in October 2023, the HSR has completed over 15,826 train trips, covering more than 2.57 million kilometers. The number of daily train services has increased from 14 at the start of operations to 52, with passenger seats rising from 8,400 to over 31,000. The highest daily ridership reached 24,132, according to KCIC statistics. [Photo/Xinhua]

    JAKARTA, Oct. 17 — The Jakarta-Bandung High-Speed Railway (HSR), celebrating its first anniversary on Thursday, has transported 5.79 million passengers, according to PT Kereta Cepat Indonesia-China (KCIC), a joint venture between Indonesian and Chinese enterprises that built and operates the railway.

    Since its commercial launch in October 2023, the HSR has completed over 15,826 train trips, covering more than 2.57 million kilometers. The number of daily train services has increased from 14 at the start of operations to 52, with passenger seats rising from 8,400 to over 31,000. The highest daily ridership reached 24,132, according to KCIC statistics.

    The HSR is fully powered by electricity, significantly reducing fuel consumption and emissions. The KCIC said that the green energy initiative saves Indonesia around 3.2 trillion rupiahs (208 million U.S. dollars) annually in fuel costs.

    In addition, Indonesian government data indicated that between 2019 and 2023, the project contributed 86.5 trillion rupiahs (about 5.62 billion dollars) to the GDP of Jakarta and West Java.

    With a design speed of 350 km per hour, the 142.3-km high-speed railway has cut travel time between Jakarta and Bandung from over three hours to just 46 minutes.

    Indonesian and Chinese staff members of China Railway Electrification Bureau Group Co., Ltd., one of the companies which take part in the construction of the Jakarta-Bandung High-Speed Railway (HSR), pose for photos with a high-speed electrical multiple unit (EMU) train on a platform of Halim Station along the railway in Jakarta, Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 12, 2024 shows a high-speed electrical multiple unit (EMU) train running along the line of Jakarta-Bandung High-Speed Railway (HSR) near Karawang Station, West Java, Indonesia. [Photo/Xinhua]
    Passengers walk on a platform of Halim Station along the Jakarta-Bandung High-Speed Railway (HSR) in Jakarta, Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    Train cabin crew members walk in a running high-speed electrical multiple unit (EMU) train of the Jakarta-Bandung High-Speed Railway (HSR) in Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    A passenger takes selfie photos with a high-speed electrical multiple unit (EMU) train on a platform of Padalarang Station along the Jakarta-Bandung High-Speed Railway (HSR) in Padalarang, Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    A high-speed electrical multiple unit (EMU) train enters the Padalarang Station along the Jakarta-Bandung High-Speed Railway (HSR) in Padalarang, Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    Passengers walk on a platform of Padalarang Station along the Jakarta-Bandung High-Speed Railway (HSR) in Padalarang, Indonesia, Oct. 17, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Sept. 13, 2024 shows high-speed electrical multiple unit (EMU) trains stopping at a platform of Tegalluar Summarecon Station along the Jakarta-Bandung High-Speed Railway (HSR) in Bandung, Indonesia. [Photo/Xinhua]

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  • MIL-OSI China: China’s top diplomat calls for deepening China-Brazil cooperation

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with a high-level Brazilian delegation led by Rui Costa, chief of staff of the presidency, in Beijing on Oct. 17, 2024. [Photo/Chinese Ministry of Foreign Affairs]

    China’s top diplomat Wang Yi met with a high-level Brazilian delegation led by Rui Costa, chief of staff of the presidency, in Beijing on Thursday, calling for deepening practical cooperation between the two countries.

    Wang, a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, noted that China and Brazil are the largest developing countries in the eastern and western hemispheres, respectively, with highly complementary economies, aligned development strategies and shared governance concepts.

    Under the new circumstances, the all-round strategic cooperation between China and Brazil not only serves the long-term and fundamental interests of the two peoples, but also sets a good example for the solidarity and coordination of countries in the Global South, Wang said.

    China attaches great importance to its relations with Brazil and is full of confidence in Brazil’s development prospects, Wang said, adding that China is ready to work with Brazil to take the opportunity of the 50th anniversary of diplomatic ties to intensify high-level exchanges, deepen practical cooperation, enhance strategic collaboration and jointly build a community with a shared future.

    Costa and the other delegation members said Brazil is willing to push for more tangible results in cooperation in various fields, such as economy, trade, finance, infrastructure, green transformation, re-industrialization, and scientific and technological innovation.

    The Brazilian side is ready to enhance the strategic relationship of the two countries and push the bilateral comprehensive strategic partnership to a new level, said the delegation.

    The two sides also had an in-depth exchange of views on improving global governance and agreed to safeguard the common interests of developing countries, international fairness and justice, and to become an important stabilizing force in today’s turbulent world.

    MIL OSI China News

  • MIL-OSI China: Scholz opposes tariff conflicts with China

    Source: China State Council Information Office

    Federal Chancellor of Germany Olaf Scholz visits Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd. in Jiulongpo District of southwest China’s Chongqing Municipality, April 14, 2024. [Photo/Xinhua]

    German Chancellor Olaf Scholz on Thursday expressed his opposition to tariff conflicts while delivering a statement to the press in Brussels.

    Scholz stressed that such conflicts lead nowhere and emphasized the importance of using the World Trade Organization to resolve trade disputes.

    Speaking on the sidelines of the European Council meeting, Scholz reiterated his stance against escalating tariff tensions with China, a point he also made in a speech to the Bundestag, Germany’s lower house of parliament, the previous day.

    He noted that major German carmakers, along with 17 EU countries, oppose the imposition of tariffs on China.

    While highlighting the need for Germany to boost its competitiveness in the electric vehicle market, Scholz emphasized that this should not be achieved through tariffs.

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  • MIL-OSI China: Death toll from Israeli airstrikes on Lebanon rises to 2,412

    Source: China State Council Information Office

    Displaced people are seen in Beirut, Lebanon, Oct. 15, 2024. [Photo/Xinhua]

    The death toll from Israeli airstrikes on Lebanon since the beginning of the Israel-Hezbollah conflict on Oct. 8, 2023, has reached 2,412, and the number of wounded individuals has increased to 11,285, according to a report on Thursday by the Lebanese Council of Ministers.

    Meanwhile, the death toll from Israeli airstrikes on different areas in Lebanon on Oct. 16 reached 45 while injuries stood at 179, the report added.

    The report said that during the past 24 hours, 96 airstrikes and shelling were recorded in various areas of Lebanon, bringing the total number of attacks since the beginning of the Israeli “aggression” to 10,246.

    According to the report, about a third of the Lebanese people have become displaced, and there is a risk of spreading epidemics among the displaced.

    The National Committee for the Coordination of Crisis Response Operations is working with relevant ministries to secure additional shelters in various governorates to receive the displaced, it added.

    The Israeli army has launched intensive attacks on Lebanon since late September in an escalation with Hezbollah, heightening concerns about a broader war as the conflict between Hamas and Israel continues in the Gaza Strip.

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  • MIL-OSI China: 28 killed, 160 injured in Israeli bombing on school-turned shelter in N. Gaza

    Source: China State Council Information Office

    Displaced Palestinians are seen at a temporary shelter in the southern Gaza Strip city of Khan Younis, on Oct. 15, 2024. [Photo/Xinhua]

    At least 28 Palestinians were killed and 160 others injured in an Israeli airstrike on a school housing displaced people in the Jabalia camp of northern Gaza Strip on Thursday, the Hamas-run Gaza government media office said.

    Fires broke out in the tents of the displaced individuals in the schoolyard because of the bombing. Some casualties were transferred to a hospital in northern Gaza, while ambulance teams were unable to reach the people in the targeted school, according to the Palestinian official news agency WAFA.

    Meanwhile, the Israel Defense Forces (IDF) said in a statement that the Israeli Air Force conducted a “precise strike” on an operational meeting point for Hamas and Islamic Jihad militants in northern Gaza.

    The militants were operating inside a command and control center embedded inside a compound that previously served as the Abu Hassan School, the IDF said.

    Dozens of militants were present in the compound at the time of the strike, said the IDF, which also published 12 names of those present.

    The militants were involved in rocket attacks into the Israeli territory, as well as in planning and committing attacks against IDF troops and Israel in recent days, it claimed.

    Mahmoud Basal, spokesman for the Civil Defense in Gaza, said Thursday in a statement that the Israeli army is carrying out a “systematic destruction” of the Jabalia camp, using all means, including explosive robots, to empty the camp.

    The Israeli army refuses to allow ambulances to reach the area and transport the casualties, while bodies of victims are still under the rubble, Basal said.

    Meanwhile, Gaza-based health authorities warned Thursday in a press statement that newborns in the nursery of Kamal Adwan Hospital in northern Gaza are facing a humanitarian disaster due to a fuel crisis and a shortage of medicines and medical supplies amid ongoing Israeli siege of northern Gaza.

    Also on Thursday, Palestinian paramedics said they recovered the bodies of five people killed in two separate attacks on a house and a gathering north of Gaza City.

    Palestinian sources also reported at least 17 deaths on Thursday in other places across Gaza. According to the sources, three people were killed and dozens of others wounded in an Israeli airstrike on a tent housing displaced people in the city of Deir al-Balah in central Gaza.

    Medics told Xinhua that eight people were killed and dozens of others injured in an Israeli bombing on a house belonging to the al-Helou family west of Gaza City, while the Civil Defense Authority in Gaza said Thursday in a press statement that its team recovered the bodies of six Palestinians killed in a bombing in the town of al-Fakhari, east of Khan Younis, in southern Gaza.

    Local sources and eyewitnesses told Xinhua that Israeli aircraft and artillery intensively bombed the outskirts of the Zeitoun neighborhood in southern Gaza and the Sabra neighborhood in the west, amidst gunfire from Israeli tanks.

    According to the IDF, its troops have killed militants and destroyed infrastructure in the area of Rafah in southern Gaza over the past day, dismantled a “terrorist cell” and located a large number of weapons in northern Gaza, and dismantled military infrastructure and killed militants in central Gaza, including in the outskirts of Nuseirat and Al Bureij refugee camps. The IDF did not specify the number of the casualties.

    Israel has been conducting a large-scale offensive against Hamas in the Gaza Strip to retaliate against a Hamas rampage through the southern Israeli border on Oct. 7, 2023, during which about 1,200 people were killed and about 250 taken hostage.

    The Palestinian death toll from ongoing Israeli attacks in the Gaza Strip has risen to 42,438, Gaza-based health authorities said in a statement on Thursday.

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  • MIL-OSI China: India’s extradition requests to Canada unaddressed

    Source: China State Council Information Office

    India has made 26 extradition requests to Canada, including requests for individuals wanted for crimes committed in India, but no action has been taken by the Canadian government yet, said Indian Ministry of External Affairs spokesman Randhir Jaiswal on Wednesday.

    The statement came in the wake of the recent diplomatic row between the two countries, following which India called back all its diplomats, including its high commissioner, from Canada.

    India also expelled six Canadian diplomats posted in New Delhi, asking them to leave the country by or before Saturday.

    The diplomatic row escalated after Canada accused Indian diplomats of being involved in the murder of a Sikh separatist leader within Canada last year. Canada called for an investigation into the role of the Indian diplomats after revoking their diplomatic immunity.

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  • MIL-OSI China: China boasts robust industrial ecosystem for intelligent connected vehicles

    Source: China State Council Information Office

    This photo taken on Oct. 17, 2024 shows new energy vehicle model SU7 produced by Chinese tech firm Xiaomi displayed during the 2024 World Intelligent Connected Vehicles Conference in Beijing, capital of China. [Photo/Xinhua]

    A comprehensive industrial system for China’s intelligent connected vehicle sector has basically taken shape, covering products and technologies such as basic chips, sensors, computing platforms and chassis control, Minister of Industry and Information Technology Jin Zhuanglong said Thursday.

    Jin made the remarks during the opening ceremony of the 2024 World Intelligent Connected Vehicles Conference in Beijing.

    China leads the world in human-machine interaction and is rapidly advancing toward breakthroughs in technologies like steer-by-wire and active suspension technologies, among others, the minister noted.

    According to him, the country’s intelligent connected vehicle sector currently boasts nearly 400 “little giant” firms, or novel elites of small and medium-sized enterprises that are engaged in manufacturing, specialize in a niche market and hold cutting-edge technologies.

    Five Chinese lidar companies have ranked among the global top ten in sales, while nine automotive manufacturers are piloting conditionally automated driving models, Jin said.

    To support such rapid industrial development, more than 50 cities in China have designated over 32,000 kilometers of test routes for intelligent connected vehicles and upgraded about 10,000 kilometers of roads with smart technologies.

    The 2024 World Intelligent Connected Vehicles Conference, running from Oct. 17 to 19, has attracted over 250 auto firms and institutions from home and abroad. More than 200 new technologies and products are expected to make their debut at the event.

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  • MIL-OSI China: Indonesian development gets boost as Jakarta-Bandung High-Speed Railway marks one year

    Source: China State Council Information Office

    Indonesia on Thursday grandly celebrated the first anniversary of the Jakarta-Bandung High-Speed Railway (HSR), a landmark project as Southeast Asia’s first high-speed rail.

    With a speed of 350 km per hour, the 142.3 km high-speed rail, built in cooperation with China under the Belt and Road Initiative, has slashed the journey time between Jakarta and Bandung from over three hours to just about 40 minutes. Over the past year, the rail, affectionately called “Whoosh” for its remarkable speed, has inspired profound changes in the towns and cities along the line.

    As Indonesia marches toward its Golden Indonesia 2045 Vision, “Whoosh” has not only made rail transport more efficient and comfortable, but also plays a pivotal role in boosting the local economy, tourism, human resources and people’s livelihood.

    This photo taken on April 17, 2024 shows a high-speed electrical multiple unit (EMU) train of the Jakarta-Bandung High-Speed Railway on the platform of Halim Station in Jakarta, Indonesia. [Photo/Xinhua]

    Connecting cities

    In October 2023 when the railway started operation, Indonesian President Joko Widodo revealed the name of the HSR, “Whoosh,” inspired by the train’s sound and meaning fast, efficient and reliable in the Indonesian language.

    With seamless connectivity with other transport networks such as light rail transit and shuttle buses, the sleek red and silver bullet train has made traveling between Indonesia’s key cities an efficient and enjoyable experience.

    According to PT Kereta Cepat Indonesia-China (PT KCIC), a joint venture consortium between Indonesian and Chinese firms that constructs and runs the HSR, Whoosh has transported 5.79 million passengers by Oct. 17 this year, including 300,000 international tourists from 159 countries.

    An increasing number of Indonesians find this rapid transit option indispensable, as they can now spend more time with family on weekends and travel to economic hubs with ease.

    “Previously, I took a conventional train on Saturday morning and returned to Jakarta on Sunday evening,” said Halim Ali Sabhana, a 27-year-old commuter.

    “Now, since it only takes 40 minutes by ‘Whoosh,’ I can go back to Bandung on Friday afternoon after work, and arrive at my Jakarta office on Monday morning,” he told Xinhua.

    Raden Agung Wijaya, a 43-year-old business owner, said the railway has made his frequent business trips between Jakarta and Bandung much easier.

    “Instead of driving my car, I’m taking Whoosh to Bandung. Less time, and less tiring. I can meet clients on time,” he said.

    Over the past year, the number of trains per day increased from 14 initially to 52 in the peak period as the railway quickly gained popularity, with the number of passenger seats increasing from over 8,400 to more than 31,000, and the maximum number of passengers per day at 24,132.

    Catalyzing growth

    The operation of the high-speed train has created more economic opportunities, with new residential areas, markets, and shopping centers emerging around the bustling train stations.

    Lion dance performers welcome passengers on the platform at the Jakarta-Bandung High-Speed Railway’s Padalarang Station in Padalarang, Indonesia, Feb. 10, 2024. [Photo/Xinhua]

    Small businesses are thriving in the burgeoning community-based economic ecosystem surrounding the train stations, said Bey Machmudin, acting governor of West Java. Local micro, small and medium-sized enterprises (MSMEs) have filled various kiosks at Padalarang station and Tegalluar station, Machmudin said.

    “West Java residents welcome the Whoosh train and it must be utilized as best as possible to improve the community’s economy. (Looking) ahead, we hope the MSMEs can also work with tourism associations to provide tour packages in Bandung,” he said.

    At Tegalluar station in the suburbs of Bandung, Tati Heryati, a Sundanese pancake seller, saw a five-fold increase in his daily income.

    “Previously, I could only earn 100,000 rupiahs (6.42 U.S. dollars) per day. But since Whoosh started running, I can now earn 500,000 rupiahs (32.09 dollars) a day,” Heryati told Xinhua.

    “Many of my neighbors have also become vendors here, selling everything from food and beverages to merchandise, because they can now earn more,” he said.

    The ease of travel has also drawn more visitors to destinations in West Java, ranging from Bandung’s bustling city center to previously hard-to-reach areas.

    Al Jabbar Mosque, a grand mosque located 5 km away from Tegalluar station, sees crowds of visitors from Jakarta on Sunday afternoon after the Muslim prayer time.

    Hendrawan Prasetyo, 38, said he came from Jakarta for a vacation with his wife and two children via Whoosh. “I was amazed by the speed. Whoosh has made vacations even more practical. Now we can visit tourist destinations outside the city center of Bandung,” he told Xinhua.

    Arief Syaifudin, head of the Bandung Culture and Tourism Agency, said Whoosh has greatly boosted tourism in West Java. Popular spots like Al Jabbar Mosque and Bandung’s renowned culinary scene have seen a rising influx of visitors. During the holiday season in April, hotel occupancy rates have reached 86.8 percent.

    Tourists can hop off the train to explore the surrounding areas of Bandung, Machmudin said, adding that the provincial government is collaborating with small and medium-sized enterprises near Padalarang and Tegalluar stations to introduce more Bandung culinary and tourism packages to visitors.

    Cultivating talent

    The railway has also boosted talent cultivation with a collaborative platform established to speed up local technological progress. Over the past year, a total of 45,000 local technicians have received training in high-speed rail technology, including engineering, welding, and machinery, with support from the Chinese side.

    A Chinese high-speed train driver (C) instructs his Indonesian counterpart (R) inside the driving cab of a high-speed train in Bandung, Indonesia, Sept. 12, 2024. [Photo/Xinhua]

    Wawan Setiawan, a student at the Indonesian Railway Polytechnic and one of the first Indonesian high-speed rail drivers, said that becoming a high-speed rail driver fills him with immense pride, serving as a significant source of fulfillment in his life.

    Currently, the Chinese operation team is training 600 Indonesians for 23 positions essential to the long-term maintenance and operation of the HSR.

    Local drivers have already begun operating the trains at a speed of up to 350 km per hour, marking a significant milestone in building a skilled workforce capable of supporting Indonesia’s growing high-speed rail sector.

    “Indonesia has greatly benefited from the Belt and Road Initiative, particularly through transformative infrastructure projects like the Jakarta-Bandung High-Speed Railway,” said Veronika Saraswati, director of the Saraswati Institute and a China expert.

    “This cooperation has allowed Indonesia to modernize its transportation systems, realizing long-held ambitions of building high-speed rails,” she said.

    “The positive results of infrastructure and trade cooperation between the two countries have made the Indonesian government aware that China is an opportunity,” she added.

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  • MIL-OSI China: China to improve economic, trade cooperation with Vietnam

    Source: China State Council Information Office

    China will work to enhance economic and trade cooperation with Vietnam, a spokesperson for China’s Ministry of Commerce said on Thursday.

    Spokesperson He Yadong told a press conference that China is Vietnam’s largest trade partner, while Vietnam is China’s largest trade partner among the Association of Southeast Asian Nations.

    From January to September 2024, trade volume between the two countries reached 190.38 billion U.S. dollars, up 17.6 percent year on year.

    Vietnam is an important overseas investment destination for China. In the first eight months, direct investment by Chinese enterprises in Vietnam totaled 1.97 billion dollars, maintaining rapid growth.

    Efforts will be made to both explore and pilot the establishment of cross-border economic cooperation zones, expanding cooperation in emerging fields such as information technology, new energy and digital economy, the spokesperson said.

    Enterprises from the two countries will be supported to make full use of platforms like the China International Import Expo, the China Import and Export Fair and the China-ASEAN Expo to expand trade of agricultural and aquatic products, as well as manufactured industrial products, He said.

    Measures will also be taken to deepen cooperation related to supply chains and regional economic integration, He added.

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  • MIL-OSI China: ECB cuts rates by 25 basis points as inflation fades

    Source: China State Council Information Office

    This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. [Photo/Xinhua]

    The European Central Bank (ECB) decided on Thursday to lower three key interest rates by 25 basis points, its third rates cut this year, saying that disinflationary process is “well on track.”

    The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 3.25 percent, 3.4 percent and 3.65 percent respectively, with effect from Oct. 23.

    The ECB does not expect recession in the eurozone despite economic difficulties in some states, the bank’s President Christine Lagarde said at a press conference after the ECB Governing Council meeting in Slovenia.

    The decision to cut interest rates is based on the bank’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, she said. “The incoming information on inflation shows that the disinflationary process is well on track.”

    Despite predicted inflation rise in the coming months, Lagarde said the ECB is determined to ensure that inflation return to the 2-percent medium term target in the course of next year. “We will keep policy rates sufficiently restricted for as long as necessary to achieve this aim.”

    The eurozone’s annual inflation rate is projected to drop to 1.8 percent in September, down from 2.2 percent in August, according to Eurostat. This marks the first time in three years that inflation has fallen below the ECB’s target.

    Lagarde did not specify when further rate cuts might be expected, noting that decisions are data-dependent.

    The next ECB Governing Council monetary policy meeting is scheduled for Dec. 12 in Frankfurt.

    The ECB cut key interest rates for the first time in five years by 25 basis points in June and again in September.

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  • MIL-OSI China: Tesla yet to receive regulatory green light for FSD in China

    Source: China State Council Information Office

    Multiple sources told China Daily that Tesla Inc has yet to receive regulatory approval from Chinese authorities to launch its full self-driving or FSD functions in the country and is seeking permission to gather some data on its own to train its autonomous driving system.

    The United States vehicle maker announced last month on the social platform that it expected to launch FSD in China in the first quarter of 2025. “The rollout progress is not expected to mirror the speed as the company itself planned,” several sources close to the matter confirmed.

    They said that the proposal is still pending from various Chinese authorities to evaluate in an all-round way, including technology, data safety, laws and regulations, as well as other relevant standards.

    Though no official green light has been given as of now, the Chinese government will partially support its trial test of FSD functions in some cities, the sources day.

    As data security has been a key obstacle to a full rollout of FSD, two people close to Tesla said that Musk has proposed directly accessing some non-sensitive video data to train its autonomous driving system.

    He also proactively suggested that a dedicated government team could thoroughly assess this video data to ensure its security, one of the sources said.

    Other people acknowledged the matter and said that Chinese authorities didn’t give an immediate response to this request given the current rules and regulations.

    According to the regulations of the Ministry of Natural Resources, automakers and developers of autonomous driving software should either apply for mapping licenses or ask a licensed company to collect, store, transform and process geographic data.

    Currently, foreign firms lack the qualifications to independently gather geographic data and must partner with local entities.

    To comply, Tesla has stored all data collected by its Chinese vehicles in China since 2021 and is cooperating with local companies to collect data to support its driver assistant system.

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  • MIL-OSI China: 8M in China’s big cities commute over 50 km daily: Report

    Source: China State Council Information Office 2

    Vehicles run on Jianguo Road during morning peak hours in Chaoyang District of Beijing, capital of China, Jan. 3, 2023. [Photo/Xinhua]
    In China’s 22 most populous cities, long-distance commuters still face challenges, with more than 8 million people commuting over 50 km each day, according to a report released Thursday.
    The finding comes from the commuting monitoring report of major cities in China, released by a research institute under the Ministry of Housing and Urban-Rural Development, in collaboration with the China Academy of Urban Planning & Design.
    Covering 45 major Chinese cities with rail transit, the report shows that among the 22 cities with a population exceeding 5 million, Beijing has the highest proportion of long-distance commuters, with 12 percent traveling over 50 kilometers, followed by Guangzhou at 10 percent.
    In terms of one-way commuting time, 28 percent of commuters travel for over 60 minutes in the Chinese capital, while in Shanghai, Chongqing, Tianjin, Wuhan and Qingdao, more than 15 percent of commuters fall into this category.
    One such commuter is a 46-year-old individual surnamed Sun. Every weekday, he leaves his home in Tianjin, a 13.6-million-people municipality neighboring Beijing, around 6 a.m., drives to a parking spot near Tianjin Railway Station, then switches to high-speed rail and subway to reach his workplace in Beijing — an almost two-hour, one-way commute that he has maintained for a decade.
    “I spend about 12 hours outside each day, but there’s no other choice,” Sun said, adding that he commutes rather than renting an apartment in Beijing mainly because he wants to accompany his child who is attending a junior high school in Tianjin.
    For many long-distance commuters like Sun in the megacities, rail transit services still need improvement.
    Although the total area covered by operational rail transit in the 42 surveyed cities with subway services exceeds 10,000 kilometers, only one-fifth of commuters live and work within 800 meters of a station.
    “Every 430,000 yuan (about $60,376) invested in rail transit construction results in just one additional person gaining access to the 800-meter range,” said Fu Lingfeng, an official of the China Academy of Urban Planning & Design.
    Guo Jifu, director of the Beijing Transport Institute, explained that larger cities with a higher proportion of the tertiary industry find it increasingly challenging to balance job locations and housing.
    “While planners envision an ideal scenario, the reality is that job-residence separation remains widespread in urban areas,” Guo said.
    To improve commuting experiences, Guo proposed measures such as integrating rail transit with urban development, building efficient commuting systems, and encouraging employers to provide housing and adopt flexible work arrangements.
    According to Yang Zeng, a professor at Shanghai University, the trend of living and working across cities in China is unique and differs from Western experiences and this phenomenon reflects long-term potential.
    “Strategies like city cluster integration are improving transportation and providing young people with more flexibility, enabling them to work in different cities without having to live in the main city center,” Yang said.
    For Sun, his hours-long commute is a mix of joy and fatigue. During the journey, he takes short naps, handles work on his phone and occasionally watches short videos. “I can deal with many issues while traveling. It’s a good way to use my time. I’ve gotten used to this lifestyle,” he said. 

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  • MIL-OSI China: China Coast Guard fleet completes joint drills with Russian counterpart

    Source: China State Council Information Office 2

    A formation of China Coast Guard (CCG) vessels has completed joint drills and patrol missions with Russia’s coast guard, the CCG said Thursday.
    The two Chinese vessels departed on Sept. 13 from Zhoushan in east China’s Zhejiang Province and returned on Thursday after a journey of 35 days, according to the CCG.
    During the drills, vessels from both sides formed a joint fleet to patrol the high seas of North Pacific Ocean for the first time, where they conducted inspections and monitoring operations of fishing vessels in accordance with the law, maintaining the fishing order in the area.
    During the patrol, they also successfully carried out joint exercises, including search and rescue operations, damage control and lifesaving missions, as well as joint searches for illegal vessels.
    The CCG noted that this mission is a routine operation under its annual plan and does not aim at any specific target, region or country, and it complies with international law and practice.
    The joint patrols and exercises between the Chinese and Russian coast guards are highly significant for strengthening mutual trust and cooperation between the coast guards of the two countries, while also ensuring the safety and stability of the waters of North Pacific Ocean, according to the CCG.
    The CCG will continue to engage in bilateral and multilateral maritime law enforcement cooperation and actively participate in international and regional ocean governance, said the CCG.

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  • MIL-Evening Report: A giant biotechnology company might be about to go bust. What will happen to the millions of people’s DNA it holds?

    Source: The Conversation (Au and NZ) – By Megan Prictor, Senior Lecturer in Law, The University of Melbourne

    isak55/Shutterstock

    Since it was founded nearly two decades ago, 23andMe has grown into one of the largest biotechnology companies in the world. Millions of people have used its simple genetic testing service, which involves ordering a saliva test, spitting into a tube, and sending it back to the company for a detailed DNA analysis.

    But now the company is on the brink of bankruptcy. This has raised concerns about what will happen to the troves of genetic data it has in its possession.

    The company’s chief executive, Anne Wojcicki, has said she is committed to customer privacy and will “maintain our current privacy policy”.

    But what can customers of 23andMe themselves do to make sure their highly personal genetic data is protected? And should we be concerned about other companies that also collect our DNA?

    What is 23andMe?

    23andMe is one of the largest companies in the crowded marketplace for direct-to-consumer genetic testing. It was founded in 2006 in California, launching its spit test and Personal Genome Service the following year, at an initial cost of US$999. This test won Time magazine’s Invention of the Year in 2008.

    Customers eagerly took up the opportunity to order a saliva collection kit online, spit in the tube and mail it back. In a few weeks when the results were ready they could find out about their health, ancestry, and other things like food preferences, fear of public speaking and cheek dimples.

    The price of testing kits dropped rapidly (it’s now US$79). The company expanded globally and by 2015 had 1 million customers. The firm went public in 2021 and initially the stock price soared. As of 2024, the company claims 14 million people have taken a 23andMe DNA test.

    23andMe is one of the world’s largest biotechnology companies.
    T. Schneider/Shutterstock

    23andMe rode the wave of popular excitement and investor interest in genetics. It wasn’t alone. By 2022 the direct-to-consumer genetic testing market was valued at US$3 billion. The three largest players – 23andMe, AncestryDNA and MyHeritage – together hold the genetic data of almost 50 million people globally.

    There are dozens of smaller players too, with some focusing on emerging markets such as MapMyGenome in India and 23mofang and WeGene in China.

    What happened to 23andMe?

    23andMe has had a rapid downfall after the 2021 high of its public listing.

    Its value has dropped more than 97%. In 2023 it suffered a major data breach affecting almost seven million users, and settled a class action lawsuit for US$30 million.

    Last month its seven independent directors resigned amid news the original founder is planning to take the company private once more. The company has never made a profit and is reportedly on the verge of bankruptcy.

    What this might mean for its vast stores of genetic data is unclear.

    When people sign up for a 23andMe test the company assures them: “your privacy comes first”. It promises it will never share people’s DNA data with employers, insurance companies or public databases without consent. It puts choice in the hands of consumers about whether their spit sample is kept by the company, and whether their de-identified genetic and other data is used in research. Four in five people who bought a 23andMe test have agreed to their data being used in research.

    However, if you dig a bit deeper, it’s clear that 23andMe uses people’s data in many different ways, such as sharing it with service providers. Perhaps most importantly, if the company goes bankrupt or is sold, people’s information might be “accessed, sold or transferred” as well.

    In a statement to The Conversation, a 23andMe spokesperson said Wojcicki is “not open to considering third-party takeover proposals”, and that in the event of any future ownership change, the company’s existing data privacy agreements with customers “would remain in place unless and until customers are presented with, and agree to, new terms and statements – and only after receiving appropriate notice of any new terms, under applicable data protection laws”.

    Tips for people to protect their genetic data

    With 23andMe in the spotlight, people might want to take steps to protect their genetic data (although experts say there’s not really any more risk now than there has always been).

    The simplest thing is to delete your account, which opts you out of any future research and discards your saliva sample. But if your data has already been de-identified and used in research, it can’t be retrieved. And even if you delete your account, 23andMe says it will keep hold of information including your genetic data, date of birth and sex, to comply with its own legal obligations.

    Buying a DNA test online might feel fun and rewarding and it’s certainly been marketed that way. There are plenty of good news stories about how getting those test results has helped people to connect with lost family or understand more about their health risks. People just need to buy tests with their eyes open about what this might mean.

    First, the results might not be all positive. Finding out about health risks without guidance from a health professional can be scary. Learning that the person you thought was your mum or dad actually isn’t, is an outcome for as many as 1 in 20 people who’ve bought a DNA test online.

    Second, every company selling DNA tests does so with lots of legal conditions attached. People click through these without a second thought but researchers have shown it is worth taking a closer look. Consider what the company says about what it will do with your data and your sample, how long they will keep it, who else can access it, and how easy it will be to delete later.

    There are guidelines from organisations like Australian Genomics that can help. And bear in mind that if a company holding your DNA profile is sold, it might be hard to make sure that data is protected.

    So maybe reconsider giving a DNA test as a Christmas gift.

    Megan Prictor is a member of the International Association of Privacy Professionals and the Australasian Association of Bioethics and Health Law.

    ref. A giant biotechnology company might be about to go bust. What will happen to the millions of people’s DNA it holds? – https://theconversation.com/a-giant-biotechnology-company-might-be-about-to-go-bust-what-will-happen-to-the-millions-of-peoples-dna-it-holds-241557

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Israeli military confirms killed Hamas leader Yahya Sinwar

    Source: China State Council Information Office 3

    This file photo taken on May 1, 2017 shows Yahya Sinwar (front) in Gaza city. [Photo/Xinhua]

    The Israel Defense Forces (IDF) and the Israel Security Agency (ISA) jointly confirmed Thursday that Hamas leader Yahya Sinwar was killed in the Gaza Strip by Israeli soldiers on Wednesday.

    “IDF soldiers from the Southern Command eliminated Yahya Sinwar … in an operation in the southern Gaza Strip,” the Israeli army said in a statement.

    The IDF said that its soldiers killed three militants in the operation, and later, it turned out that one of them was Sinwar, who “was responsible for the murder and abduction of many Israelis.”

    According to the statement, Sinwar was killed after hiding over the past year behind the civilian population of Gaza, both above and below ground, in Hamas tunnels in the Gaza Strip.

    “The dozens of operations carried out by the IDF and the ISA over the last year, and in recent weeks in the area where he was eliminated, restricted Sinwar’s operational movement as he was pursued by the forces and led to his elimination,” the statement added.

    Shortly before the IDF statement, Israeli Foreign Minister Israel Katz confirmed Sinwar’s death in a message to foreign ministers of other countries, saying that “this is a great military and moral achievement for Israel.”

    According to the foreign minister, “the elimination of Sinwar creates a possibility for the immediate release of the Israeli abductees and to bring about a change that will lead to a new reality in Gaza, without Hamas nor Iranian control.”

    MIL OSI China News

  • MIL-OSI China: DPRK top leader calls S. Korea ‘foreign country and apparent hostile country’

    Source: China State Council Information Office 3

    The top leader of the Democratic People’s Republic of Korea (DPRK) called South Korea “a foreign country and an apparent hostile country,” and stressed “useless awareness about fellow countrymen and unreasonable idea of reunification” when he addressed inter-Korean relations, as he called for ramping up the war-fighting capabilities during an inspection trip to the headquarters of the 2nd Corps of the Korean People’s Army on Thursday, the official Korean Central News Agency (KCNA) reported Friday.

    Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the DPRK, made the remarks as he made the trip to encourage the officers and troops of the large combined unit that “have reliably defended the territory of our state, always maintaining full combat readiness on high alert at the forefront near the border,” the KCNA said.

    Kim learned of the combat readiness of the military units ready for combat operations under the corps after being briefed on the current situation.

    The KCNA said the DPRK leader reminded the armed forces of “the stark fact that the ROK is a foreign country and an apparent hostile country,” referring to South Korea by using the acronym of its official name, the Republic of Korea.

    Recalling that the DPRK has completely blocked the roads and railways to the ROK territory two days ago through detonations, Kim said that the move means “not only the physical closure but also the end of the evil relationship with Seoul” and “the complete removal of the useless awareness about fellow countrymen and unreasonable idea of reunification,” according to the KCNA report.

    “When the DPRK sovereignty is violated by the ROK, a hostile country, its physical forces will be used unhesitatingly, without sticking to (any) conditions any longer,” Kim was quoted by the KCNA as saying.

    Citing serious security circumstances, Kim urged the DPRK military “to continue concentrating all efforts on bolstering up the war-fighting capabilities, and to take more perfect military steps for reliably defending the security of the country through the permanent overwhelming combat readiness,” the KCNA said.

    In the latest sign of the heightened tensions on the Korean Peninsula, the DPRK confirmed on Thursday that the roads and railways connecting South Korea in the eastern and western parts of the DPRK southern border had been completely blocked through explosion operations, a previous KCNA report said.

    MIL OSI China News

  • MIL-OSI Asia-Pac: HKMA introduces multiple measures to support SMEs’ development, upgrade and transformation

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:
     
         The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced multiple measures today (October 18) to further support, through financing as well as banking products and services, the continuous development of small and medium-sized enterprises (SMEs) and assist them in expanding new businesses and markets.
          
         Since the launch of the nine SME support measures by the HKMA and the Banking Sector SME Lending Coordination Mechanism (Mechanism) in March this year, a total of around 20 000 SMEs have benefitted from the measures, involving an aggregate credit limit of over HK$44 billion. The HKMA has also been deepening its understanding of the challenges and needs faced by SMEs of different sectors through various channels and platforms, including the Taskforce on SME Lending (Taskforce) which was established in August this year, and engagement sessions with over 50 trade associations and their members from different industry sectors.
          
         While Hong Kong is currently undergoing economic transformation, the HKMA and the banking sector are aware of the needs of SMEs to strive for change and adapt to changes in the market and business operating environment. Taking into account the views of the commercial sector, the HKMA and the banking sector will roll out the following five measures to assist SMEs’ continuous development, upgrade and transformation, and enhance their competitiveness and productivity to cope with new operational challenges:
     
         1. Release of bank capital to facilitate the financing needs of SMEs: The HKMA lowered the countercyclical capital buffer (CCyB) ratio from 1 per cent to 0.5 per cent, and will allow banks to early adopt the preferential treatments for SME exposures under the Basel III capital framework. These policies will release bank capital and thereby enable banks to make use of the additional capital to facilitate the financing needs of SMEs. 

         2. Set aside dedicated funds to support SMEs: The 16 banks that are active in SME lending have set aside a total of over HK$370 billion of dedicated funds for SMEs in their loan portfolio. The funds will allow SME customers to access necessary financing for coping with the evolving business environment. The banks will regularly review and consider scaling up the size of their dedicated funds in response to SMEs’ needs and development. 
         â€‹
         3. Launch more credit products and services to assist SMEs’ transformation: Banks will launch more credit products and services to meet the transformation needs of SMEs. Examples include pre-approved credit limits, unsecured loans, cross-border loans, and loans with flexible repayment periods.
     

    On digital transformation, banks will offer e-commerce financing and electronic payment services to enable SMEs in different sectors such as retail, catering and trading to better utilise data and adopt innovative business solutions, so that SMEs can strengthen their marketing and promotion, streamline business processes and save operating costs. 

    On green transformation, banks will actively consider launching relevant advisory services. Through collaboration with green certification agencies, banks can alleviate the costs for SMEs to apply for green certification, thereby supporting their low-carbon transition. Banks will also provide green loans to assist SMEs in purchasing and adopting low-carbon equipment, so as to reduce the SMEs’ own carbon emissions and transform into green suppliers. 

         4. Increase the partial principal repayment options: When an orderly exit from the banking sector’s Pre-approved Principal Payment Holiday Scheme commenced in July 2023, the Mechanism introduced enhanced measures to assist corporates’ gradual return to normal repayment. Since some customers’ partial principal repayment arrangements will expire in early 2025, banks will be accommodative and consider offering more flexible repayment arrangements to help these customers to address challenges encountered during economic transformation. Such arrangements include, for instance, extending the duration of partial principal repayment, offering more options on the proportion and duration of partial principal repayment, or even offering principal moratorium, subject to prudent risk-management principles. The above-mentioned arrangements are also applicable to taxi loans, public light bus loans and commercial vehicle loans taken out by personal customers.

         5. Devote sufficient manpower and resources to implement the enhancements to SME Financing Guarantee Scheme as soon as possible: Banks will allocate adequate resources to process applications and work closely with HKMC Insurance Limited to implement as soon as possible the principal moratorium and other enhanced measures under the SME Financing Guarantee Scheme.

         The HKMA will continue to understand the SME-related business strategies of banks, and maintain close communication with the commercial sectors through the Mechanism and the Taskforce. Seminars and other activities will be organised to promote the SME services, products and schemes offered by the banking sector in the concerted efforts to assist the continuous development, upgrade and transformation of SMEs.
     
    Background
     
    The Banking Sector SME Lending Coordination Mechanism

         The Banking Sector SME Lending Coordination Mechanism was established by the HKMA in October 2019. Participants include 11 banks (Note 1) that are most active in SME lending, the Hong Kong Association of Banks (HKAB) and the HKMC Insurance Limited. During the pandemic, the Mechanism rolled out several rounds of relief measures for corporates, including the Pre-approved Principal Payment Holiday Scheme. In March 2024, the HKMA, together with the Mechanism, launched nine measures to assist SMEs in obtaining bank financing and to support their continuous development.
     
    The Taskforce on SME Lending

         The Taskforce on SME Lending was jointly established by the HKMA and HKAB in August 2024. Participants include representatives of the HKMA, HKAB and 16 banks (Note 2) that are active in SME lending. The Taskforce aims to further strengthen the related work for supporting SMEs in obtaining bank financing at both the individual case and the industry levels. Participating banks of the Taskforce have stated that they would ensure the ongoing effective implementation of the nine SME support measures that were launched previously, and indicated that they had not changed and would not change their risk appetite towards SME financing and related credit approval standards. The participating banks would also strive to treat customers fairly and communicate with customers in an accommodative manner.
     
    Note 1: Bank of China (Hong Kong), Bank of East Asia, China Construction Bank (Asia), Citibank, Dah Sing Bank, DBS Bank (Hong Kong), Hang Seng Bank, The Hongkong and Shanghai Banking Corporation, Industrial and Commercial Bank of China (Asia), OCBC Bank (Hong Kong), and Standard Chartered Bank (Hong Kong).

    Note 2: Including the 11 banks participating in the Mechanism, and Bank of Communications (Hong Kong), China CITIC International, Fusion Bank, Nanyang Commercial Bank and PAO Bank.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Chinese vice premier urges efforts to ensure full-year bumper harvest

    Source: China State Council Information Office 2

    Chinese Vice Premier Liu Guozhong has called for effective efforts in agriculture, farmer support and rural development to secure a bumper grain harvest for the whole of 2024.
    Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an investigation and research tour of southwest China’s Chongqing Municipality and central China’s Hubei Province from Monday to Thursday.
    During the tour, Liu underscored the importance of advancing the autumn harvest, calling for the adequate supply of agricultural materials and steady cultivation of high-quality farmland.
    It is also crucial to better connect farm produce production and sales in rural areas, and develop rural industries tailored to local conditions to help farmers increase incomes, he said.
    Liu also visited the Three Gorges project, observing its operations and learning about local geological disaster prevention efforts in the reservoir area. He urged relevant authorities to integrate digital and smart technologies into their management to maximize the project’s roles in flood prevention, power generation, shipping and water conservancy.
    Work should also be done to identify geological risks and leverage modern monitoring technologies to ensure the safe and sound operations of the project, Liu added.

    MIL OSI China News

  • MIL-OSI China: China’s major lenders lower deposit interest rates

    Source: People’s Republic of China – State Council News

    BEIJING, Oct. 18 — China’s major state-owned commercial banks announced Friday reductions in deposit interest rates.

    The one-year fixed-term deposit interest rate was cut by 25 basis points to 1.1 percent, according to the official deposit interest rates released by Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China and Bank of Communications.

    After the reductions, the deposit interest rates with terms of 2, 3 and 5 years are 1.2 percent, 1.5 percent and 1.55 percent, respectively.

    This was the second deposit interest rate cut for state-owned big banks in 2024, with previous cut implemented in July.

    China’s central bank announced a raft of monetary stimulus at a press conference last month, calling for efforts to create a sound monetary and financial environment for stable economic growth and high-quality development.

    MIL OSI China News

  • MIL-OSI China: Ringing through time: Sightseeing on a Beijing ‘dangdang’ bus

    Source: China State Council Information Office 2

    A century ago, Beijing’s first tram service started operation with copper bells that produced clear and crisp rings to signal its arrival and caution pedestrians of its approach. This distinctive “dang” sound become familiar to local residents and eventually earned the tram service’s vehicles the affectionate name of “dangdang” buses. Today, “dangdang” buses can be seen around the capital’s tourist hot spots and still resembling these early trams.
    On Oct. 15, journalists from various media outlets hopped on a few of these old-fashion buses for a cultural heritage excursion along Beijing’s Central Axis. Starting at Qianmen Street, a popular commercial street located along the axis, the excursion was part of “High-Quality Development Research Trip” interview activities and visited 15 cultural heritage sites. From the moment they stepped onto the buses, participants were fully immersed in the capital’s profound historical heritage.

    A modern “dangdang” bus with a vintage appearance similar to the original “dangdang” buses in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Wang Yu, a talkative tour guide on this sightseeing activity, told countless stories about the historic and cultural scenic spots along the journey’s route, included Zhengyangmen, Yongdingmen, the Temple of Heaven, Tiananmen Square, the Forbidden City, and Jingshan Park .

    The vintage-style decorations inside a modern “dangdang” bus in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Sightseers on the bus all praised Wang’s vivid and interesting explanations. “We not only admired the beautiful scenery along the central axis but also learned a lot of interesting historical stories,” said Li Jiayue, a journalist for China News Service who participant in this interview activity.

    The view of Tiananmen Square from a “dangdang” bus during its route along the capital’s Central Axis in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Besides conveying historical information, Wang also enthusiastically shared that the Great Beijing Central Axis sightseeing bus tour not only attracts local Beijingers who want to reminisce about the old days but also domestic and foreign tourists who come to Beijing for its reputation.
    Since its launch in August, the Great Beijing Central Axis sightseeing bus tour has seen an average of 4,000 passengers daily on their 41 “dangdang” buses, according to Yun Haibing, the director of the Beijing Tourism Distribution Center’s market management department. Yun also said that during the recent National Day holiday demand for bus tickets surged, with approximately 98,000 tourists in total going on guided bus tours.
    In addition to listening to explanations full of Beijing flavor, passengers also sampled some traditional culinary treats, such as Peking Duck, as well as got a taste of local intangible cultural heritage. Through lively allegro performances, participants enjoyed classic stories related to the Central Axis.

    A China allegro performance on a “dangdang” bus as it travels along the Central Axis in Beijing, China, Oct. 15, 2024. [Photo by Liao Jiaxin/China.org.cn]
    Considered the spine of Beijing’s urban layout, the Central Axis was added to the World Heritage List on July 27, 2024. After receiving this honor, the already well-known scenic spots along the Central Axis saw a rise in their popularity. A month later, eight sightseeing bus routes, such as the Great Beijing Central Axis sightseeing bus tour, were launched, offering more options for tourists to experience Beijing’s rich cultural heritage and boosting the city’s sightseeing bus tourism.

    MIL OSI China News

  • MIL-OSI Economics: Lufthansa Cargo appoints Elodie Berthonneau as Vice President Asia Pacific

    Source: Lufthansa Group

    As of 1 October 2024, Elodie Berthonneau will take over the position of Vice President Asia-Pacific at Lufthansa Cargo in Singapore. She will head the sales and handling organization in one of the most important markets for Lufthansa Cargo. This includes among others the regions China, Japan, South Korea, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Philippines and Oceania. Berthonneau joins Lufthansa Cargo from Qatar Cargo where she was Vice President Network Planning and Strategic Partnership.

    With more than 25 years of experience in the aviation industry, Berthonneau has held various management positions in sales, pricing, profit management and strategic planning at Qatar Airways and Air France KLM. Her previous roles have included building start-ups, restructuring organizations, network redesign, major strategic partnerships and people management. Having worked in Europe, the Middle East and Asia, she also has broad international experience.

    “We are happy to welcome Elodie Berthonneau as Head of Asia Pacific. The Asian region is one of our most important markets and is expected to become even more relevant in the coming years. Combining her expertise and experience within the industry and the Lufthansa Cargo brand and knowledge, she will set new accents in our Asia Pacific organization and in the dialogue with our customers,” explains Anand Kulkarni, Head of Global Markets at Lufthansa Cargo

    About Lufthansa Cargo

    With revenue of 3.0 billion euros and a transport performance of 7.5 billion freight ton kilometers in 2023, Lufthansa Cargo is one of the world’s leading companies in the transport of airfreight. The company currently employs around 4,150 people worldwide. Lufthansa Cargo’s focus is on the airport-to-airport business. The route network covers around 300 destinations in more than 100 countries, using both freighter aircraft and cargo capacity from passenger aircraft operated by Lufthansa, Austrian Airlines, Brussels Airlines, Discover Airlines and SunExpress, as well as trucks. The majority of the cargo business is handled via Frankfurt Airport. 

    MIL OSI Economics

  • MIL-OSI Asia-Pac: SFST’s speech at HKQAA 35th Anniversary Forum (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the HKQAA 35th Anniversary Forum today (October 18):

    Chairman Ho (Chairman of the Hong Kong Quality Assurance Agency, Mr Ho Chi-shing), distinguished guests, ladies and gentlemen,

         Good afternoon. It is my great pleasure to join you today as we celebrate the 35th anniversary of the Hong Kong Quality Assurance Agency (HKQAA). First, let me extend my warmest congratulations to the HKQAA on this remarkable milestone, and my sincere thanks for the invitation to speak at today’s forum.

         Today’s topic – Sustainable Finance, ESG, and Climate Resilience – could not be more timely or critical, as it highlights the directions we must take to secure the future of not just our economy and financial markets, but our society and planet. I would like to focus on Hong Kong’s role and achievements in this area, which I believe can be summed up by a three-A framework: accessibility to capital, availability of opportunity, and accountability to global standards.

    Accessibility to capital

         Sustainable finance is not just a passing trend. It represents a transformative movement, aligning financial systems with the larger goals of sustainable, inclusive growth. Hong Kong has embraced this vision, emerging as a leading international hub for green finance. In 2023 alone, the total issuance of green and sustainable debt in Hong Kong exceeded US$50 billion, including both bonds and loans, with green and sustainable bonds arranged here accounting for 37 per cent of all such bonds issued across Asia.

         This growing accessibility to green capital is not just about numbers. It shows that Hong Kong is well-positioned to channel investments into projects that positively impact the environment and society. We are actively working to expand our green investment product offerings and attract more international issuers to use Hong Kong’s green financing market.

         By June of this year, the Securities and Futures Commission had authorised over 230 ESG (environmental, social and governance) funds, with total assets under management exceeding HK$1.3 trillion. This represents year-on-year growth of 19 per cent in the number of funds and 8 per cent in assets under management. These investments are not only generating financial returns for investors but also contributing to the well-being of our communities, proving that profitability and purpose can indeed go hand in hand.

    Availability of opportunity

         As we look to the future, it is vital that we continue to unlock new investment opportunities and encourage innovation in green and sustainable finance. Collaboration across sectors – between government, businesses, and the community – is essential in driving this progress.

         One recent example of innovation is Core Climate, a marketplace launched by the Hong Kong Exchanges and Clearing Limited (HKEX) in 2022. Core Climate connects capital with climate-related products and opportunities across Hong Kong, Mainland China, Asia, and beyond. In August this year, the HKEX further enhanced this platform by introducing Gold Standard’s Verified Emission Reductions, offering users a seamless, integrated experience.

         Hong Kong has also demonstrated its leadership in combining the bond market, green finance, and fintech. In February this year, we successfully issued HK$6 billion worth of tokenised green bonds, denominated in multiple currencies – Hong Kong dollar, Renminbi, US dollar, and euro. This marks our second tokenised bond issuance, following the first in February 2022, and is the world’s first multi-currency digitally native green bond.

         The success of these initiatives reflects the strength of Hong Kong’s green fintech ecosystem, which continues to evolve. By leveraging new technologies, we can amplify efforts to support sustainable development, not only in our local community but across the entire region.

    Accountability to global standards

         As a global green finance hub, Hong Kong recognises the importance of maintaining accountability and transparency in sustainability efforts. This is why aligning with international standards, notably as the International Sustainability Standards Board (ISSB), is a key priority. We are committed to ensuring that our local sustainability disclosure requirements are aligned with the ISSB Standards, which will significantly enhance Hong Kong’s competitiveness in the global sustainable finance arena.

         By adopting these internationally recognised standards, we will strengthen our position as a trusted green finance hub while also improving the resilience of our local communities. This alignment will not only foster greater investor confidence but also ensure that our financial sector is well-equipped to meet the challenges of an increasingly sustainability-driven world.

    HKQAA’s contributions

         I would also like to take this opportunity to commend the HKQAA for its significant contributions to Hong Kong’s sustainable finance journey. Over the past 35 years, the HKQAA has been a steadfast partner, providing critical quality assurance and helping to uphold rigorous standards for green and sustainable finance. Since the launch of the Government Green Bond Programme in 2019, the HKQAA has played a pivotal role by providing external reviews for each bond issuance, ensuring the credibility and integrity of these instruments.

         In addition, the HKQAA has introduced a number of certification schemes, further enhancing stakeholder confidence in green finance products. Their dedication to upholding high standards has been instrumental in positioning Hong Kong as a global leader in this space. Looking ahead, we will continue to count on the HKQAA’s expertise as we strive to meet the evolving challenges of sustainable development.

    Conclusion

         In closing, I would like to emphasise that the future of finance is sustainable finance. As we work towards building a more resilient and sustainable future for Hong Kong and beyond, we must remain committed to the principles of ESG and climate resilience.

         Thank you for your attention and your unwavering commitment to sustainable development. Together, we can create a brighter, greener future for generations to come.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: APAC deal volume drops 6.8% during Q1-Q3 2024, as India, Japan, and Australia defy global trend, reveals GlobalData

    Source: GlobalData

    APAC deal volume drops 6.8% during Q1-Q3 2024, as India, Japan, and Australia defy global trend, reveals GlobalData

    Posted in Business Fundamentals

    Deal activity in the Asia-Pacific (APAC) region saw a 6.8% year-on-year (YoY) decline during January to September (Q1-Q3) 2024, with mergers & acquisitions, private equity, and venture financing facing headwinds from economic uncertainties and geopolitical tensions. However, APAC demonstrated resilience compared to global markets, with countries like India, Japan, and Australia bucking the trend and showing growth in deal volume, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database reveals that a total of 10,551 deals were announced in APAC during Q1-Q3 2024 compared to the 11,317 deals announced during the same period in previous year,

    The number of M&A, private equity, and venture financing deals registered a YoY decline of 3.1%, 20.7%, and 10.2%, respectively, during the review period.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “In line with the global trend, APAC also witnessed decline in deal activity amid the economic uncertainties, ongoing wars and geopolitical tensions. However, it is noteworthy that APAC showcased relative resilience compared to other regions and even though there was a decline, it was the least among all the regions.”

    For instance, North America, Europe, Middle East and Africa, and South and Central American regions experienced respective deal volume fall by 16%, 13.6%, 7.6%, and 22.3% YoY during Q1-Q3 2024.

    Bose adds: “While deal activity across the APAC region presented a varied picture, the bulk of the decline was concentrated in China. In contrast, key markets like India, Japan, and Australia showed positive momentum, highlighting their resilience amid broader economic challenges.”

    China experienced a 22.8% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023. Other markets such as South Korea, Singapore, Malaysia, Hong Kong, Indonesia, and New Zealand experienced decline in deal volume by 1.2%, 19.1%, 14.4%, 16%, 34.2%, and 4.7%, respectively. Meanwhile, India, Japan and Australia saw their respective deal volume grow by 9.6%, 16.2% and 2.2%.

    Bose concludes: “The growth seen in India, Japan, and Australia reflects a strategic shift in investor focus on markets with strong fundamentals and growth prospects. These markets continue to offer compelling opportunities, and their ability to buck the global trend reinforces the importance of a diversified approach in venture capital and private equity investments within the region.”

    MIL OSI Economics

  • MIL-OSI Russia: NSU is the leader in the BRICS ranking among Russian universities located in the regions

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The Association of Rating Compilers (ACR) has published Pilot ranking of universities in the BRICS countries. The final list included 600 educational institutions from ten Commonwealth countries: Brazil, Egypt, India, Iran, China, the United Arab Emirates, Russia, Saudi Arabia, Ethiopia and South Africa. Russia became the second country in the ranking by the number of participants – 161 universities. Novosibirsk State is in 19th place in the overall ranking, occupying the highest positions among Russian universities located in the regions.

    In general, the BRICS rating methodology repeats the methodology of the “Three University Missions” rating, but takes into account the national characteristics of the countries that are part of the association. The university’s activities are also characterized in three areas: education, science, and relations with society. The difference is that the weights of some indicators have been changed and one new indicator has been added: “the number of joint scientific publications with BRICS partners.”

    — NSU’s high positions in the BRICS university rankings are explained by several factors. First of all, this is the quality of education and scientific activity. A positive impact was exerted by the increase in the significance of such an indicator as “the number of victories of university students in international student Olympiads” (data on Olympiads were taken into account from 2019 to 2023). And also the addition of such a criterion as the number of scientific works in partnership with colleagues from BRICS countries to the new ranking. NSU is traditionally strong in international scientific ties, especially with the states that are part of this association. We currently have 126 partner universities in 24 countries of the world, more than 300 publications with foreign co-authors are published annually, — noted NSU Rector, Academician of the Russian Academy of Sciences Mikhail Fedoruk.

    A total of 24 Russian universities made it into the top hundred of the ranking. The highest positions were taken by Moscow State University (2nd place), St. Petersburg State University (5th place), Moscow Institute of Physics and Technology (6th place), HSE (10th place) and MEPhI (15th place). Next come universities located in the regions, among which the leader is Novosibirsk State University (19th place), followed by Tomsk State University (36th place) and Ural Federal University (38th place).

    The strongest point of Russian universities is the quality of education; 39 educational institutions in Russia were included in the top 100 universities according to this group of criteria, with 10 of them being in the top twenty.

    Rating information:

    The idea of the ranking was proposed in 2023 by representatives of South Africa, and in the same year it was enshrined in the declaration following the meeting of the BRICS education ministers. The BRICS principles on which the ranking was formed werevoicedat the congress of the Russian Union of Rectors in July 2024, and then they were discussed and supported by the working groups of the Russian Academy of Sciences, the Russian Academy of Education and the Ministry of Education and Science. Principlespublishedon the website of the rating “Three University Missions”.

    Full list of universities, included in the rating.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.nsu.ru/n/media/nevs/education/ngu-leader-in-brix-rating-among-russian-universities-located-in-regions-/

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  • MIL-OSI China: Xi inspects east China’s Anhui Province

    Source: People’s Republic of China – State Council News

    HEFEI, Oct. 18 — Xi Jinping, general secretary of the Communist Party of China Central Committee, on Thursday afternoon inspected the cities of Anqing and Hefei in east China’s Anhui Province.

    Xi visited the Liuchi Alley in Tongcheng City under Anqing and the Hefei Binhu Science City.

    During the visits, he learnt about the local efforts to carry forward fine traditional Chinese culture, promote cultural-ethical progress, advance institutional innovation of science and technology, and accelerate the application of scientific and technological advances.

    MIL OSI China News

  • MIL-OSI China: Xi stresses importance of sci-tech in advancing Chinese modernization

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, has emphasized that science and technology should be at the forefront in advancing Chinese modernization.
    Xi made the remarks during his visit to the Hefei Binhu Science City in east China’s Anhui Province on Thursday afternoon.

    MIL OSI China News

  • MIL-OSI China: Xi makes instruction on establishment of resource-recycling company

    Source: China State Council Information Office 2

    Chinese President Xi Jinping has stressed the importance of building a national platform for recycling and reusing resources in a recent instruction on the establishment of a company specialized in resources recycling.
    Follow China.org.cn on Twitter and Facebook to join the conversation.ChinaNews App Download

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  • MIL-OSI China: Xi stresses promoting traditional Chinese virtues

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, has stressed the importance of carrying forward traditional Chinese virtues to foster a more harmonious society.
    Xi made the remarks during his visit to the Liuchi Alley, a historical cultural site in Tongcheng City, east China’s Anhui Province, on Thursday afternoon.

    MIL OSI China News